The Woodland Hills real estate market provides an excellent mix of affordability, proximity to Los Angeles, and large homes on large lots. It’s an attractive option for buyers looking to be able to access Los Angeles while maintaining some distance and a suburban lifestyle. In this article, we provide a detailed breakdown of the Woodland Hills real estate market, and we discuss where we believe the market is headed.
Overview of Woodland Hills Real Estate
Woodland Hills sits at the western border of Los Angeles County in the San Fernando Valley. Situated just north of the Santa Monica Mountains, many properties in the southern portion of Woodland Hills boast beautiful mountain and even ocean views. It is also one of the least densely populated areas of Los Angeles. With ease of access to the beach via Topanga Canyon Blvd., homes sitting on large lots, and all the restaurants and shopping available on and around Ventura Blvd., Woodland Hills is an attractive option for those looking for proximity to the perks of Los Angeles but also seeking to escape the bustle of the city.
Other Woodland Hills highlights include Pierce College located in the northeast, the Woodland Hills Country Club located south of Ventura Blvd. in the center of Woodland Hills, the 19-acre Shoup Park located north of Ventura Blvd. in the center of Woodland Hills, and the Upper Las Virgenes Canyon Open Space Preserve located on the western boundary.
The Woodland Hills real estate market can be generally divided into North and South Woodland Hills, with both North and South containing several sub-regions, as shown below.
South Woodland Hills
The South Woodland Hills real estate market is generally considered to be more desirable than North Woodland Hills, and as a result homes are typically more expensive. There are a variety of reasons for the difference, most notably including less commercial space, homes on larger lots, and higher-rated elementary schools. The southern half of the region also boasts homes sitting atop hills with magnificent views of mountains and valleys, giving the area the feel of a removed mountain-range, while maintaining the convenience of proximity to the rest of Los Angeles. The area is broken into four separate elementary school districts.
Calabash Charter Elementary School (Green)
The median sale price of single family homes sold in the Calabash Charter Elementary School district within the past 3 months was $1,305,000, with the average price per square foot at $609.91.
Woodland Hills Elementary School (Red)
The median sale price of single family homes sold in the Woodland Hills Elementary School district within the past 3 months was $1,250,000, with the average price per square foot at $630.31.
Serrania Ave. Elementary School (Purple)
The median sale price of single family homes sold in the Serrania Ave. Elementary School district within the past 3 months was $1,401,400, with the average price per square foot at $656.43.
Wilbur Ave. Elementary School (Blue)
The median sale price of single family homes sold in the Wilbur Ave. Elementary School district within the past 3 months was $1,900,000, with the average price per square foot at $507.63.
North Woodland Hills
The North Woodland Hills real estate market is generally the more affordable option with a more urban lifestyle in comparison to the south. Homes sit on smaller lots on a flatter landscape, and the area tends to be more densely populated with commercially zoned properties. Some of the perks include walkability, easy access to the 101 freeway, shopping and restaurants on Ventura Blvd., and numerous parks, schools, and shopping centers. The area is divided between two middle school districts, one to the east and one to the west.
Woodland Hills Academy (Yellow)
The median sale price of single family homes sold in the Woodland Hills Academy district within the past 3 months was $1,289,125, with the average price per square foot at $631.79.
Hale Charter Academy (Brown)
The median sale price of single family homes sold in the Hale Charter Academy district within the past 3 months was $1,130,000, with the average price per square foot at $627.16.
Woodland Hills Real Estate Trends
The Woodland Hills real estate market is attractive for buyers looking for spacious homes without an inflated price tag. In comparison to more densely populated areas close to the center of Los Angeles, properties in Woodland Hills typically contain more livable square footage on larger lots. However, because the property is removed from the busier areas of Los Angeles, there is less demand, and as a result lower prices.
As shown below, the median sale price for a single family home in Woodland Hills (light blue) tracks closely with that of the Los Angeles area as a whole (dark blue).
Median Single Family Home Sale Price
As noted above, the difference between Woodland Hills and the more centrally located areas of Los Angeles is size. Homes in Woodland Hills tend to be larger than those in central Los Angeles. As a result, although the median sale price tracks closely with the rest of Los Angeles, the price per square foot of homes in Woodland Hills is significantly lower than other areas in Los Angeles. The graph below depicts the median price per square foot of a home in Woodland Hills (light blue), which is significantly lower than that of a typical home in Los Angeles (dark blue).
Median Sold Price Per Square Foot
The Future Of Woodland Hills Real Estate
For many years, Woodland Hills has been a refuge for those looking for a suburban setting with proximity to the rest of Los Angeles. With a mix of affordability, ease of access to the beach and the 101 freeway, and large homes, it will continue to be an attractive option for buyers who prefer not to live in some of the busier areas of Los Angeles. Given that there are no significant new developments or upcoming projects in the area, we expect that the Woodland Hills real estate market will continue to be a stable market that tracks closely with the greater Los Angeles market.
If you would like to further discuss the Woodland Hills real estate market, or how Esquire Real Estate Brokerage can help you in the Southern California real estate market, please call us at 213-973-9439 or send us an email at info@esquirereb.com.
